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The ransomware industry surged in 2023 as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 4,368 cases.  Figure 1: Year over year victims per quarter The rollercoaster ride from explosive growth in 2021 to a momentary dip in 2022 was just a teaser—2023 roared back with the same fervor as 2021, propelling existing groups and ushering in a wave of formidable newcomers. Figure 2: 2020-2023 ransomware victim count LockBit 3.0 maintained its number one spot with 1047 victims achieved through the  Boeing  attack, the Royal Mail Attack, and more.  Alphv  and  Cl0p  achieved far less success, with 445 and 384 victims attributed to them, respectively, in 2023.  Figure 3: Top 3 active ransomware groups in 2023 These 3 groups were heavy contributors to the boom in ransomware attacks in 2023, but they were not the sole groups responsible. Many attacks came from emerging ransomware gangs such as  8Base , Rhysida, 3AM, M...

The volume of cybersecurity vulnerabilities is rising, with close to  30% more vulnerabilities found in 2022 vs. 2018 . Costs are also rising, with a data breach in 2023 costing  $4.45M on average vs. $3.62M in 2017 . In Q2 2023,  a total of 1386 victims were claimed  by ransomware attacks compared with just 831 in Q1 2023. The  MOVEit attack has claimed over 600 victims  so far and that number is still rising. To people working in cybersecurity today, the value of automated threat intelligence is probably pretty obvious. The rising numbers specified above, combined with the  lack of cybersecurity professionals availabl e, mean automation is a clear solution. When threat intelligence operations can be automated, threats can be identified and responded to, and with less effort on the part of engineers. However, a mistake that organizations sometimes make is assuming that once they've automated threat intelligence workflows, humans are out of the pic...

Over the past few years, cybersecurity has become a major concern for businesses around the globe. With the total cost of cybercrime in 2023 forecasted to reach $8 Trillion – with a T, not a B – it's no wonder that cybersecurity is top of mind for leaders across all industries and regions. However, despite growing attention and budgets for cybersecurity in recent years, attacks have only become more common and more severe. While threat actors are becoming increasingly sophisticated and organized, this is just one piece to the puzzle in determining why cybercrime continues to rise and what organizations can do to stay secure. 🔓  Unlock the future of cybersecurity: Get ahead of the game with 2023 Cyber Security Trends Forecast ! Discover the major trends of 2022 and learn how to protect your business from emerging threats in the coming year.  ⚡  Get your insider's guide to cybersecurity now! An abundance of cyber spending, a shortage of cyber security It's easy t...